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Peninsular Gold Limited - PGL Releas ed 14:08 28-Oct-2014

Holding(s ) in Com pany

RNS Number : 4972V Peninsular Gold Limited

28 October 2014

PENINSULAR GOLD LIMITED (AIM symbol: PGL) T R-1: NOT IFICAT ION OF MAJOR INT EREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are

attached: ii

Peninsular Gold Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please Investment Manager no longer has an interest in Peninsular Gold specify): Limited shares as non-beneficial discretionary investment manager

X

3. Full name of person(s) subject to the notification obligation: iii

Matterhorn Investment Management (Asia) Limited (as non- beneficial discretionary investment manager); and Somercourt Investments Limited (as beneficial owner)

4. Full name of shareholder(s)

(if different from 3.):iv

Somercourt Investments Limited

5. Date of the transaction and date on which the threshold is crossed or

26th October 2014

reached: v

6. Date on which issuer notified:

28th October 2014

7. Threshold(s) that is/are crossed or reached: vi, vii

Matterhorn Investment Management (Asia) Limited's non- beneficial interest has fallen to Nil; Somercourt Investments Limited's interest as beneficial owner remains above 4%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares

if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Class/type of shares

if possible using the ISIN CODE

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of voting rights x

Class/type of shares

if possible using the ISIN CODE

Number of Shares

Number of Voting Rights

Direct

Direct xi

Indirect

xii

Direct

Indirect

Ordinary shares ISIN: GB00B09TKL88

4,000,000

4,000,000

Nil for

Matterhorn;

4,000,000 for Somercourt

Nil for

Matterhorn;

4,000,000 for Somercourt

N/A

4.65% for

Somercourt

N/A

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/

Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

4,000,000

4.65% (based on 85,986,550 shares in issue)

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Matterhorn Investment Management (Asia) Limited no longer has any interest as non-beneficial discretionary investment manager. Somercourt Investments Limited remains the beneficial owner and has previously reported this interest.

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A

13. Additional information:

N/A

14. Contact name:

Ewan Christian

15. Contact telephone number:

+44 (0)20 7340 2825

END

Dato' Sri Andrew TY Kam

Chairman and Chief Executive

Peninsular Gold Limited

Tel: +60 (0)3 2698 8381

Patrick Watson

Finance Director

Peninsular Gold Ltd.

Tel: +44 (0)7799 885653

Samantha Harrison/Craig Francis

Nominated Advisor

RFC Ambrian Limited

Tel: +44 (0)20 3440 6800

Colin Rowbury

Broker

Daniel Stewart & Co. Ltd.

Tel: +44 (0)20 7776 6936

This information is provided by RNS

The company news service from the London Stock Exchange

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